Khairi, Khairil FaizalKhairil FaizalKhairiAb. Aziz, Muhammad RidhwanMuhammad RidhwanAb. AzizLaili, Nur HidayahNur HidayahLailiNooh, Mohammad NoorizzuddinMohammad NoorizzuddinNoohSabri, HishamHishamSabriAli Basah, Mohamad YazisMohamad YazisAli Basah2024-05-292024-05-292014109781352-s2.0-84892387960https://www.scopus.com/inward/record.uri?eid=2-s2.0-84892387960&partnerID=40&md5=6e58ecef8ea673efdfaf7ca911cb2a5fhttps://oarep.usim.edu.my/handle/123456789/9886The institution of Waqf has played a significant role of providing opportunities in sharing the government's fiscal needs and improving the communities and nation welfare throughout Islamic history. Waqf have a potential to became one of the important devices regarding the socioeconomics realms in Muslim societies which will benefit the communities in term of education, health care, national security, transportation facilities, basic infrastructure, foods and job opportunities. The main objective of the current study is to explore the conceptual framework in improving the share waqf (waqf corporate) and identifies the uniqueness of the share waqf in Malaysia. In addition this study is to investigate the contribution of this type of share towards communities and nation welfare. The methodology of this study is a qualitative research based on the document analysis of relevant references. The interesting finding of this study indicates that the proper implementation of share waqf is very useful in developing the economic well being of the communities and nation especially if there is participation among GLCs.en-USEconomic well beingGLCHuman developmentShare waqfArticle10411011115